MENA-focused oil and gas exploration company SDX Energy uncovers promising gas reservoir following its strategic shift towards Moroccan expansion.
SDX Energy, a MENA-focused oil and gas exploration company, has unveiled a significant milestone in its strategic transition. Less than a month after announcing its decision to divest its Egyptian assets, the company has announced the discovery of a gas reservoir near Sebou Central in the Gharb Basin, Morocco.
SDX Energy – Uncovering promising gas reserves
The breakthrough comes on the heels of the commencement of drilling operations at the KSR-21 well, a project that has now reached a total vertical depth of 1,955 meters. The primary focus of this drilling effort has been a prospective target within the Hoot formation, a geologically significant stratum in the region.
Positive indicators for potential gas reserves
The drilling data collected from the KSR-21 well has provided compelling evidence of gas-charged sands within the targeted reservoir section. These findings are highly promising, indicating the potential for substantial gas reserves.
Moving forward: Testing and production
SDX Energy is gearing up to move the drilling apparatus and commence perforation of the reservoir interval. A comprehensive testing period will follow, enabling precise determination of the reservoir’s volume and characteristics. Subsequently, the well will be brought into production to meet the demands of existing gas buyers.
A promising future in Moroccan energy transition
This discovery reinforces the company’s strategic shift towards Moroccan expansion and its commitment to the energy transition sector in the country. CEO of SDX Energy, Daniel Gould, expressed enthusiasm about the company’s future trajectory, stating that the planned sale of Egyptian assets will mark a significant milestone on the company’s transition roadmap. SDX Energy is poised to unlock new opportunities and growth prospects in Morocco’s evolving energy landscape.
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